Bye Bye Credit One

Bye Bye Credit One

Well after being approved for the Discover IT last week, I decided I was more credit worthy than a "Credit One Card".

Called them up today to pay off the small balance I had on it and told them to close it. They tried waiving the annual fee and even lowering the interest but I stayed strong and had them close it. It was a great feeling. The card served it's purpose well but I am so happy to be done with it.

Now I just have to close my First Premier Credit Card this month and I will be a happy person.

Thanks again to everyone on these forums for the information to help me get from a Credit One card to a Discover Card over time.

Re: Bye Bye Credit One

Congrats! I have just started rebuilding I have a secured merrick card and an unsecured cap1 with a 300 limit. But before I did my research I applied to credit one and got approved for a 300cl . I have not gotten the card yet so the account is not active but I am having second thoughts about it. Is it worth all the fees and crazy % or should I just not activate it?

Re: Bye Bye Credit One

Follow behind Credit One and verify (then print the proof) that they closed the account and that its paid in full. I have heard that they like to sometimes be sneaky and keep it open so they can nab another AF.

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FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.